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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate
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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:
Rails Division Locomotive Division Corporate Total Cost of goods sold $47,400 $31,600 Direct operating expenses 27,900 21,900 Sales 99,900 68,100 Interest expense $2,600 General overhead 19,400 Income tax 4,200
The net income for Train Corporation is
a.$76,300
b.$13,000
c.$39,200
d.$89,000
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:
Rails Division | Locomotive Division | Corporate Total | |
Cost of goods sold | $47,400 | $31,600 | |
Direct operating expenses | 27,900 | 21,900 | |
Sales | 99,900 | 68,100 | |
Interest expense | $2,600 | ||
General overhead | 19,400 | ||
Income tax | 4,200 |
The net income for Train Corporation is
a.$76,300
b.$13,000
c.$39,200
d.$89,000
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